London-based firm Equitrade Markets Ltd (441877) has been declared in default by the Financial Services Compensation Scheme.

Northants financial adviser firm Suber PCS LLP (formerly Chancery (UK) LLP) has been declared in default today by the Financial Services Compensation Scheme.

PTC Financial Advice (Scotland) Limited (FRN: 816036), has been declared in default by the FSCS, the industry compensation safety net.

The Financial Services Compensation Scheme recovered more than £56m from failed firms over the past year, up nearly £2m on the £54m recovered the year before.